ABD Dwellings tax liability of "16.16 Cr reduced to zero

Allied Blenders and Distillers Ltd (ABD) announced that its wholly-owned subsidiary, ABD Dwellings Private Limited, has received an order dated April 22, 2026. This order gives effect to the Commissioner of Income-tax (Appeals)'s decision, which has reduced the entire income-tax liability of 16,16,16,000 (approximately 16.16 crore) to zero. This development follows previous communications and is in compliance with SEBI Listing Regulations. The favorable order was received late on April 22, 2026, and is expected to have a positive impact on the company's financial position.